Prices rose significantly, Semen Baturaja (SMBR) shares entered UMA

ILLUSTRATION. On June 10, 2020, Semen Baturaja (SMBR) made the first shipment of 750 tons of cement products to Pontianak.

Reporter: Kenia Intan | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. The Indonesia Stock Exchange is observing the movement of the share price of PT Semen Baturaja (Persero) Tbk. Issuer with share code SMBR it experienced an unusual increase in price or unsual market activity (AN).

Quoting data from RTI Business, SMBR’s share price has indeed strengthened significantly in recent times. On Tuesday (8/12), SMBR’s share price was at the level of Rp 1,200 per share. The price has risen 22.45% over the past week.

If calculated from the last six months, the stock price strengthened to 316.67%. As seen in a way year to date The price of this SMBR was recorded greening 172.73%.

“In connection with the occurrence of UMA on the SMBR shares, we need to convey that the stock exchange is currently observing the development of this stock transaction pattern,” explained Head of the IDX Transaction Supervision Division Lidia M. Panjaitan and Head of the IDX Trade Regulation & Operations Division Irvan Susandy in the stock exchange announcement, Monday (7/12).

Also Read: Demand for cement is sloping during a pandemic, this is the strategy of Semen Baturaja (SMBR)

Although the UMA announcement does not necessarily indicate a violation of the laws and regulations in the capital market, investors are asked to always pay attention to SMBR’s answer to the exchange’s request for confirmation. In addition, observing the performance of SMBR and the disclosure of information.

Investors are also advised to consider various possibilities that may arise at a later date before making an investment decision. Including, reviewing SMBR’s corporate action plan if the plan has not been approved by the GMS. Just so you know, the latest information regarding SMBR on the stock exchange website is a securities holder registration report dated December 4, 2020.

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